Bitmine Nears Ether Treasury Goal Amid Unrealized Losses

2026-09-10

Bitmine has acquired 28,000 Ether, bringing its treasury accumulation to 97% of its 5% supply goal. The company's main treasury asset faces significant unrealized losses, according to CoinTelegraph.

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Bitmine has acquired 28,000 Ether, reaching 97% of its goal to accumulate 5% of the cryptocurrency's supply. Despite this progress, the company's main treasury asset is experiencing a significant unrealized loss.

Key facts

Bitmine has acquired 28,000 Ether.
This acquisition represents 97% of Bitmine's stated objective to acquire 5% of Ether's total supply.
The company's main treasury asset is currently facing an unrealized loss of $5.1 billion.
Bitmine's treasury strategy includes accumulating a significant portion of the cryptocurrency's supply.

Source: CoinTelegraph

Reported by VERA Newswire.